United Asset Strategies Inc. Boosts Stock Position in Copart, Inc. (NASDAQ:CPRT)

United Asset Strategies Inc. grew its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 5.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,813 shares of the business services provider’s stock after purchasing an additional 1,143 shares during the quarter. United Asset Strategies Inc.’s holdings in Copart were worth $1,252,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. KBC Group NV increased its holdings in Copart by 1.1% during the fourth quarter. KBC Group NV now owns 152,667 shares of the business services provider’s stock worth $8,761,000 after buying an additional 1,715 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Copart during the 4th quarter worth approximately $742,000. Blue Trust Inc. raised its holdings in shares of Copart by 62.2% in the 4th quarter. Blue Trust Inc. now owns 10,887 shares of the business services provider’s stock worth $570,000 after purchasing an additional 4,173 shares during the period. Stonehage Fleming Financial Services Holdings Ltd lifted its stake in Copart by 27.4% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 2,957,035 shares of the business services provider’s stock valued at $169,704,000 after purchasing an additional 636,540 shares during the last quarter. Finally, KFG Wealth Management LLC grew its holdings in Copart by 15.3% during the fourth quarter. KFG Wealth Management LLC now owns 5,561 shares of the business services provider’s stock valued at $319,000 after purchasing an additional 737 shares during the period. 85.78% of the stock is currently owned by institutional investors.

Copart Stock Up 0.2 %

Shares of NASDAQ:CPRT opened at $57.70 on Monday. The firm has a market capitalization of $55.60 billion, a PE ratio of 40.63 and a beta of 1.33. The company has a 50-day moving average price of $59.10 and a two-hundred day moving average price of $54.83. Copart, Inc. has a twelve month low of $47.73 and a twelve month high of $64.38.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Thursday, November 21st. The business services provider reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.10 billion. Copart had a net margin of 31.92% and a return on equity of 18.96%. Copart’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period last year, the firm earned $0.34 EPS. Analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Diane M. Morefield sold 30,000 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $58.01, for a total value of $1,740,300.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $1,160,200. This represents a 60.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas N. Tryforos sold 83,310 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $61.86, for a total value of $5,153,556.60. Following the transaction, the director now directly owns 7,850 shares in the company, valued at approximately $485,601. This represents a 91.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 650,213 shares of company stock worth $39,199,813. Corporate insiders own 9.68% of the company’s stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. boosted their target price on Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th.

Copart Profile

Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.